Vikram Solar

CMP : ₹ 425 -2.3 % 1 M
Price per Unit ₹425

As of April 01, 2025, Vikram Solar share price is INR 425.00 per share and the face value is INR 10.00 per share. The lot size of Vikram Solar is 100 shares. The 52 week high for Vikram Solar is INR 495.00, while the 52 week low is INR 185.00

About Vikram Solar

A Comprehensive Overview of Price & Journey
Understanding Vikram Solar Inception and Growth
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About Vikram Solar

IPO Details, Price movement

Vikram Solar Projects

India

  • 225 MW – bilhaur, Uttar Pradesh (2021)

  • 200 MW – Anatapuramu, Andhra Pradesh (2018)

  • 20MW – Ayodhya, Uttar Pradesh (2019)

  • 10 MW – Itrasi, Madhya Pradesh (2018)

  • 10 MW – Dahej Port, Gandhar, Hazira (2018)

  • 1461 kW Rooftop – Gujarat (2018)

  • 350 kW Rooftop – Cossipore (2018)

  • 100 kW Rooftop – Haryana (2018)

  • 130 MW – Rajasthan (2017)

  • 80 MW – Charanka, Gujarat (2017)

  • 20 MW – Karnataka (2017)

  • 10 MW – Tirupati, Andhra Pradesh (2017)

  • 100 kW Rooftop – Patna (2017)

  • 10 kW Floating Solar Plant – Kolkata (2015)

Abroad

  • Vikram Solar supplied 4.3 MW of Modules for a solar farm in Ware, Massachusetts, United States.

  • Vikram Solar Supplied 52.6 MW of Modules to Southern Current, United States.

  • 4.2 MW project commissioned in the US with Vikram Solar modules.

  • A 312 kWp solar system was installed by Finnwind Oy with Vikram Solar modules at Helsinki-Vantaa Airport

Registered Office

The registered office of Vikram Solar Limited is in Kolkata, West Bengal, India

Competitors

  • Waaree Energies Limited

  • Tata Power Solar

  • ACME Solar

  • Adani Solar

  • Solar Planet

  • Decon Solar Solutions

Key Highlights

  • The company increased its manufacturing capacity to 3.5 GW in FY 2023-24, targeting 4.5 GW by FY 2024-25 and 10.5 GW by FY 2025-26.

  • They are eligible for key subsidies, including PLI for our 2.4 GW solar facility and TNGO, bolstering our growth and innovation prospects.

  • The company is present across all segments, like utility-scale projects, C&I, residential, ground mount, rooftop, and floating solar projects.

  • The total number of modules manufactured in FY 2023-24 is 16,11,104.

  • 3.5 GW FY 2023-24 Cumulative Manufacturing Capacity

  • 715 WP FY 2023-24 Module Rated Power

Performance Highlights

  • Revenue from operations increased by 21.11% to 25,109.90 million in FY24.

  • EBITDA showed a 114.08% increase by reaching 3,985.79 million in FY24.

  • Profit After Tax (PAT) increased by 450.1% to 797.18 million in FY24. 

  • The company has recorded a total income of 25,239.62 million during the financial year 2023-24 compared to 20,919.11 million in the corresponding previous financial year.

  • The revenue from sales of goods for the FY 2023-24 was Rs. 24,572.86 million in comparison to the previous year, FY 2022-2,3, in which the revenue from sales of goods was Rs. 19,457.86 million.

  • The Company has achieved robust revenue growth, with total revenue amounting to 25,109.90 million, reflecting a 21.11 % increase compared to the preceding fiscal year.

Indian Renewable Energy Sector

The Indian renewable energy market reached US$ 22.0 billion in CY 2023 and is further projected to hit US$ 46.7 billion by CY 2032, showing a CAGR of 8.71%. This growth is primarily driven by rapid technological advancements in renewable energy technologies, rising concerns about climate change and the impacts of fossil fuels, and increasing demand for clean energy solutions. 

India ranks fourth in renewable energy installed capacity globally. Over the last eight years, the country has developed around more than 4x of renewable energy capacity. 

In FY 2023-24, India witnessed significant growth in renewable energy installations. During this period, approximately 15,033 MW of solar capacity and 3,253 MW of wind capacity were added, indicating significant increases of 17.6% and 42.9%, respectively, compared to the previous year. 

As of March 2024, India’s latest renewable energy installed capacity reached 190.6 GW, reflecting the country’s ongoing commitment to advancing its renewable energy sector. 

It stands as one of India’s largest solar energy solution providers with a substantial production capacity of solar photovoltaic modules. Harnessing these capabilities, the company is committed to solidifying its position as a key player in the solar energy sector.

Global Renewable Capacity Projections

In 2024, wind and solar PV together are expected to generate more electricity than hydropower

In 2025, renewables are poised to surpass coal to become the largest source of electricity generation

In 2026, both wind and solar PV individually is expected to exceed nuclear electricity generation

In 2028, renewable energy sources will account for over 42% of global electricity generation, with the share of wind and solar PV doubling to 25%

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Fundamentals

Market Cap (in cr.)
₹ 135483623300
P/E Ratio
0
P/B Ratio
29.78
Debt to Equity
0.00
ROE (%)
0
Book Value
14.27
Face Value
10.00
Total Shares
318784996
Category
Unlisted Shares
Unlisted CMP
₹ 0 / Share
Lot Size
100 Shares
52 Week High
₹495.00
52 Week Low
₹185.00
Depository
NSDL & CDSL
PAN Number
AABC15168D
ISIN Number
INE078V01014
CIN
U18100WB2005PLC106448
Sector
Industrials Discretionary

Financials

P&L Statement - - - -
Revenue - - - -
Other Income - - - -
COGS - - - -
Gross Profit - - - -
Total Expense - - - -
EBIDTA - - - -
D&A - - - -
EBIT - - - -
Interest Expense - - - -
PBT - - - -
TAX - - - -
PAT - - - -
Diluted EPS - - - -
Basic EPS - - - -
Total income 0.00 0.00 0.00 0.00
ASSETS
CURRENT ASSETS - - - -
Cash and Cash Equivalents - - - -
Trade Payables - - - -
Inventory - - - -
Other Current Assets - - - -
Total Current Assets 0.00 0.00 0.00 0.00

NON CURRENT ASSETS - - - -
Plant Property and Equipment - - - -
Long Term Investment - - - -
Other Non Current Assets - - - -
TOTOAL NON CURRENT ASSSETS 0.00 0.00 0.00 0.00

Total Assets 0.00 0.00 0.00 0.00

CURRENT LIABILITES - - - -
TRADW Payable - - - -
Other Current Liab - - - -
Total Current Liab 0.00 0.00 0.00 0.00

NON CURRENTLIABILITIES - - - -
Long Term Debt - - - -
Deffered Tax Liab - - - -
Other Non Current Liab - - - -

LIABILITIES
EQUITY - - - -
Share Capital - - - -
Reserves And Surplus - - - -
Other Equity - - - -
Retained Earnings - - - -
share Equity 0.00 0.00 0.00 0.00

Total Liabilities 0.00 0.00 0.00 0.00

CASH FLOW STAT - - - -
Cash Flow from operating - - - -
Cash Flow from financing - - - -
Cash Flow from investing - - - -
Net cash flow 0.00 0.00 0.00 0.00

Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Shareholding Pattern
2025
Name Designation Share %
Vikram Capital Management Private Limited NA 42.93%
Hari Krishna Chaudhary Family Trust NA 28.20%
Hari Krishna Chaudhary NA 5.31%
Gyanesh Chaudhary Chairman & MD 5.02%
Vikram Financial Services Limited NA 5.83%
Others NA 12.71%
Events
Name Date Details
Vikram Solar IPO
Proposed initial public offer of equity shares of vikram Solar Limited
30/08/2024
Private Placement
Issuance of up to 5,99,54,996 equity shares at 122 per shares (including 112 premium), totaling 731,45,09,512.
18/06/2024
Promoters or Management
Name Designation Linkedin Profile
Gyanesh Chaudhary Chairman & MD
Ivan Saha Whole- Time Director & CEO
Neha Agarwal Whole- Time Director
Krishna Kumar Maskara Whole- Time Director & CFO
Narayan Lodha Vice President And CFO
Documents
Vikram solar Unlisted Share one pager

Frequently Asked Questions

1. How to buy Vikram Solar/Pre-IPO shares?

Please find below the procedure for buying Vikram Solar/Pre-IPO shares at Bharat Invest.

  • You confirm booking of Vikram Solar/Pre-IPO shares with us at a specified price.
  • You have to provide your client master report along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
  • We will provide our bank details.
  • You need to transfer funds in the current account of bharat invest.
  • No cash deposit is accepted
  • Payment has to be done from the same account in which shares are to be credited.
  • We ensure delivery of Vikram Solar within 24 hours.
  • Incase of non-availability of shares, we refund the amount to the same bank account within 24 hours.
  • For detailed discussion, you can contact us via any medium.

2. How to sell Vikram Solar /Pre-IPO shares?
3. What is the lock-in period of Vikram Solar /Pre-IPO shares after the shares gets listed?
4. What is the average ticket size for investing in unlisted shares?
5. How to check credit of Vikram Solar/Pre-IPO shares?
6. How is valuation of Vikram Solar /Pre-IPO shares is decided?
7. How do we get delivery of the Vikram Solar /pre-ipo shares shares?
8. What is the safety regarding the payment?
9. Difference Between Unlisted Company & Listed Company?
10. Short-term Capital Gain taxes to be paid on Unlisted Shares/Pre-IPO shares?
11. Long-term Capital Gain taxes to be paid on Unlisted Shares/Pre-IPO shares?
12. Applicability of Taxes on Unlisted Shares/Pre-IPO shares once it is listed?
13. IS PRE IPO market same as grey market?
14. Who sells private shares?
15. Investing in Vikram Solar Limited legal in India?
16. Is Bharat invest a trustable source to invest in unlisted shares?

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